Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF) Hits New 12-Month Low – Time to Sell?

Direxion Daily 20+ Year Treasury Bull 3X ETF (NYSEARCA:TMF)’s stock price reached a new 52-week low during trading on Monday. The stock traded as low as $24.87 and last traded at $24.9750, with a volume of 5710706 shares changing hands. The stock had previously closed at $25.58.

Direxion Daily 20+ Year Treasury Bull 3X ETF Stock Performance

The firm has a 50-day simple moving average of $29.81 and a two-hundred day simple moving average of $33.11.

Hedge Funds Weigh In On Direxion Daily 20+ Year Treasury Bull 3X ETF

Several large investors have recently made changes to their positions in TMF. Optiver Holding B.V. acquired a new stake in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF in the first quarter worth approximately $3,803,000. PPSC Investment Service Corp grew its position in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 8.4% in the first quarter. PPSC Investment Service Corp now owns 292,079 shares of the company’s stock valued at $10,532,000 after purchasing an additional 22,697 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Direxion Daily 20+ Year Treasury Bull 3X ETF by 56.3% in the first quarter. Royal Bank of Canada now owns 42,029 shares of the company’s stock valued at $1,516,000 after purchasing an additional 15,134 shares during the last quarter. NewEdge Advisors LLC lifted its position in Direxion Daily 20+ Year Treasury Bull 3X ETF by 1,936.3% during the second quarter. NewEdge Advisors LLC now owns 7,901 shares of the company’s stock worth $281,000 after buying an additional 7,513 shares in the last quarter. Finally, PMV Capital Advisers LLC boosted its stake in Direxion Daily 20+ Year Treasury Bull 3X ETF by 14.2% during the first quarter. PMV Capital Advisers LLC now owns 10,153 shares of the company’s stock worth $366,000 after buying an additional 1,261 shares during the last quarter.

About Direxion Daily 20+ Year Treasury Bull 3X ETF

Direxion Daily 20 Year Plus Treasury Bull 3x Shares (the Fund), formerly Direxion Daily 30-Year Treasury Bull 3X Shares, seeks daily investment results of 300% of the price performance of the NYSE 20 Year Plus Treasury Bond Index (the Index). The Index is a multiple-security fixed income index that aims to track the total returns of the long-term 20-year and greater maturity range of the United States Treasury bond market. The Index constituent bonds are weighted by their relative amounts outstanding.